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On the daily chart, the stock has given an upside breakout, considered to be an important bullish signal. Last few sessions for the stock has been characterized by a sustain downtrend. However, the stock has managed to find support around the levels of Rs1,447. On Monday, it staged a rally, closing well above day’s open. [...]
Tagged as: Free Share Tips, India Infoline, Lupin
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Angel Broking has an Accumulate rating on Lupin Labs with a target price of Rs 1,290. A report released on September 29 said: “Lupin has completed the acquisition of Antara rights in the US from Oscient Pharmaceutical for US $38.6mn at 0.6x its CY2008 sales, which would be funded through internal accruals. This is the [...]
Tagged as: Free Share Tips, Lupin
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